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Equities and BondsClearing Fee

Cash products

The fees JSCC will charge Clearing Participants pursuant to the "Rules on Fees" are as follows:

Cash products

  • Monthly fee
    (1) Securities Clearing Participant: \130,000(*1)(*2)
    (2) ETF Special Clearing Participant: \50,000
    (3) Registered ETF Trust Bank: \50,000
    (*1) For the time being, this monthly fee is not applied to clearing participants incurring clearing fee of ¥260,000 or less a month concerning cash transactions.
    (*2) The additional monthly fee of \50,000 will be charged when JSCC assumes obligations related to ETF Creation/Redemption.
  • Clearing fee
(1) Securities other than bonds (bonds exclude CBs and exchangeable corporate bonds)
(a)Clearing value base: ¥0.000004 per clearing value of ¥1
(b)Contract number base:¥2.8 per contract cleared

If a monthly aggregate of clearing values regarding all clearing participants exceeds ¥40 trillion, the following discount rate will be applied to each participant

Clearing (trading) value Rate
From 1 yen to 1 trillion yen ¥0.0000040 per 1 yen
From 1 trillion yen to 3 trillion yen ¥0.0000040×0.97 per 1 yen
More than 3 trillion yen ¥0.0000040×0.95 per 1 yen
Number of contract Rate
From 1 to 500,000 contract ¥2.8 per 1 contract
From 500,000 to 2,000,000 contract ¥2.8 per ×0.95 per 1 contract
From 2,000,000 to 4,000,000 contract ¥2.8 per ×0.90 per 1 contract
From 4,000,000 to 6,000,000 contract \2.8 per ×0.80 per 1 contract
From 6,000,000 to 9,000,000 contract \2.8 per ×0.70 per 1 contract
From 9,000,000 to 12,000,000 contract \2.8 per ×0.60 per 1 contract
From 12,000,000 to 32,000,000 contract \2.8 per ×0.50 per 1 contract
From 32,000,000 to 52,000,000 contract \2.8 per ×0.35 per 1 contract
From 52,000,000 to 72,000,000 contract \2.8 per ×0.20 per 1 contract
More than 72,000,000 contract \2.8 per ×0.05 per 1 contract
(2)Bonds (bonds exclude CBs and exchangeable corporate bonds)
(a)Clearing value base:¥0.000004 per face value of ¥1
(b)Contract number base: ¥2.95 per contract cleared
  • Fees for Settlement

JSCC will charge the Securities Clearing Participants and the Registered ETF Trust Banks the settlement fee for DVP eligible securities, which in turn will be paid to JASDEC as a book entry transfer fee.